Application / documentationYou will need to submit: a completed STR permit application, letter describing proposed rental use, floor plan, copy of a blank lease agreement, proof of ownership.Fee: The application fee is cited as about $63 for the application / two‐year permit in many guides.Tax obligationsHosts must collect and remit:Florida Sales Tax (6%) on rental stays of six months or less. 

If you’re curious about the model/assumptions or want a copy of the spreadsheet for educational use, please send me a direct message and I’ll share a read-only version after a quick intro.This is intended as a learning post for investors evaluating STR vs long-term multifamily economics.

If you’re curious about the model/assumptions or want a copy of the spreadsheet for educational use, please send me a direct message and I’ll share a read-only version after a quick intro.This is intended as a learning post for investors evaluating STR vs long-term multifamily economics.

You Can Only Have 35 Non-Accredited InvestorsRule 506(b) allows an unlimited number of accredited investors but restricts you to only 35 non-accredited investors.However, there’s a catch:Non-accredited investors must be financially sophisticated.They must have enough experience to evaluate the investment risks.From the SEC:“Securities may not be sold to more than 35 non-accredited investors… [who] must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment.”If you’re planning to include non-accredited investors, make sure they qualify—or you could be violating SEC rules.3.

They opted not to file a claim that would cover the lawsuit.When He sold the property, the land to the south was raw and undeveloped.

@Mary Jay if you replaced a $700,000 property with two properties totaling only $500,000, you owed taxes on a $200,000 gain, assuming you had at least $200,000 of capital gains on the sold property.

You're right, that was a copy\paste error.

-Townhome and condominium sales were down 9.3% with 438 units sold.

Even if the window/doors are not a common element, I would reach out to the HOA and request a copy of the contract between the HOA and the landscaping company.

Always ask for current rents and copies of leases—especially in small multifamily properties with mixed unit types (e.g., a studio, 2-bed, and 3-bed).